Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    764 Hancock St Quincy, MA 02170-2724

    • Investment properties
    • 2,856 SF
    • 0.11 lot acres
    OFF-MARKET
    Last Sale
    May 26, 2023
    Value Estimations
    $580,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1063862
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Confectionately Yours Bakery / Bakery / Specialty Food Shop

    Property Details for 764 Hancock St

    Year built
    1950
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.11 lot acres
    Property size
    2,856 SF
    Zone code
    RESB
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    QUIN M:5041 B:3 L:3
    APU
    QUINM5041B3L3

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $680,000
      Current use
      AUTO REPAIR, GARAGE
      $920,000
      Change: +35% Conversion: Difficult
      RETAIL STORES
      $860,000
      Change: +26% Conversion: Easy
      OFFICE BUILDING
      $760,000
      Change: +11% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Quincy
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.0133
    Latitude
    42.2653
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $0.00
    $327,000
    $354,000
    $681,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,040,000
      18,538 SF

      47-49 Beale St

      OFFICE/RESIDENTIAL (MIXED USE) • 18,538 SF
      47-49 Beale St, Quincy, MA 02170
      View Details
    • Value Estimation by Request
      0.19 Acres

      54 Berlin St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.19 Acres
      54 Berlin St, Quincy, MA 02170-1831
      View Details
    • Value Estimation by Request
      0.11 Acres

      121 Fayette St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.11 Acres
      121 Fayette St, Quincy, MA 02170-1003
      View Details
    • Value Estimation by Request
      2,160 SF

      518 Hancock St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,160 SF
      518 Hancock St, Quincy, MA 02170-1921
      View Details
    • Value Estimation
      $2,280,000
      14,110 SF

      323 Newport Ave, Unit 329A

      OFFICE/RESIDENTIAL (MIXED USE) • 14,110 SF
      323 Newport Ave, Quincy, MA 02170-1726
      View Details
    • Value Estimation
      $1,060,000
      6,200 SF

      618-620 Hancock St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,200 SF
      618-620 Hancock St, Quincy, MA 02170
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,488 SF

      Retail Space in Quincy, MA

      Retail property available for lease in Quincy, Massachusetts.
      680 Hancock St, Quincy, MA 02170
      View Details
    • $1,800 /Mo
      430 SF

      Storefront in Busy Quincy Location

      Storefront commercial space for lease near Wollaston T Station.
      25 Beale St, Quincy, MA 02170
      View Details
    • $1,200 /Mo
      322 SF

      Office Space Near Wollaston Station

      Office suite for rent, conveniently located near Wollaston Station.
      299 Newport Avenue Ext, Quincy, MA 02170
      View Details
    • Contact for pricing
      1,565 SF

      Storefront Across from Wollaston Station

      Bright storefront space near public transportation, ready for immediate occupancy.
      323 Newport Avenue Ext, Quincy, MA 02170
      View Details
    • Contact for pricing
      3,116 SF

      Office Space in Quincy, MA

      3,116 SF office space available for rent.
      162 Old Colony Ave, Quincy, MA 02170
      View Details
    • $3,000 /Mo
      99,999 SF

      Commercial Space Near Wollaston Station

      Basement commercial space across from Wollaston Station (Red Line).
      299 Newport Ave, Quincy, MA 02170
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    764 Hancock St
    Quincy, MA 02170-2724
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!